Q10 | Westcap originated a construction loan for the new LIDO HOUSE HOTEL on the site of the former Newport Beach City Hall. The proposed development is a 130 room, Marriott Autograph Collection Hotel that will include a lobby, cafe/bakery, 4,400 square feet of function space, restaurant/bar, outdoor dining area, rooftop lounge, fitness center, health spa, business center, concierge, and outdoor courtyard with pool and spa, cabanas, fireplace, and function lawn. Construction is expected to commence in May 2016 with the operations of the hotel beginning in fourth quarter 2017. The Construction financing was arranged through one of Q10 | Westcap’s key bank relationships.